• Duchess
  • Duchess
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I understand there is a fee to refinance your existing home loan when it is fixed. Please advise if a lending institute would absorb this fee when refinancing.

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  • Hi Duchess

    You'll be able to do that if you have enough equity in your home to allow the extra borrowings.

    For example, if you owe $300,000 and the break cost to get out of your fixed rate is $5,000 you just need to borrow $305,000 from the new lender.
  • Answered by David Bryde (over 2 years ago)
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